The United States ordered a blockade of Venezuelan oil tankers because the Trump administration believes President Nicolás Maduro's regime is acting detrimentally to the United States and the world. Trump has labeled the Venezuelan government a "foreign terrorist organization" and accused the regime of asset theft, terrorism, drug trafficking, and human trafficking. He has therefore decided to block tankers sailing in and out of Venezuela as part of an economic and political pressure campaign. This move is also part of a broader US pressure campaign, including the seizure of tankers...
U.S. President Donald Trump said fiscal revenue from his trade tariffs is set to "skyrocket" in the coming months as inventory levels among local importers run dry. Trump said in a Truth.Social post that local businesses had stocked up on inventories to sidestep his tariffs in the near-term. But those inventory levels were now "wearing thin," which he said will result in businesses paying tariffs on more goods. "...soon Tariffs will be paid on everything they apply to, without avoidance, and the amounts payable to the USA will SKYROCKET," Trump said. Trump also added that he was looking...
U.S. factory activity slowed to a four-month low in November as higher prices because of tariffs on imports restrained demand, leading to a piling up of unsold goods that could hinder growth in the overall economy. Relief for manufacturers is unlikely to come soon as the University of Michigan's Surveys of Consumers separately showed on Friday a sharp drop in buying conditions for long-lasting manufactured goods. The University of Michigan noted that "consumers remain frustrated about the persistence of high prices and weakening incomes." President Donald Trump's sweeping import duties...
President Donald Trump's administration on Thursday unveiled a plan for a dramatic expansion of oil and gas drilling rights auctions in U.S. waters, including in California, where state officials strongly oppose energy development along its world-famous coastline. The Interior Department proposal is aligned with Trump's energy-dominance agenda to supercharge domestic fossil fuel production. It immediately set off a fresh conflict with California Governor Gavin Newsom, a Democrat who is among the president's harshest critics. The plan contemplates 21 sales off the coast of Alaska starting...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like crypto. Concerns that AI-based stocks are overvalued and that massive infrastructure spending hasn't kept pace with revenues have further fueled market jitters. Meanwhile, market fear indicators such as the volatility index (VIX) surged above levels that typically alert traders, while Bitcoin fell below its lowest level since April. As risk appetite weakened, US government bonds strengthened and...
President Donald Trump's tariff increases on imports from foreign countries will reduce U.S. deficits by $3 trillion if they are maintained through 2035, the non-partisan Congressional Budget Office estimated on Thursday, instead of the $4 trillion the agency projected in August. The CBO based its latest estimate on tariffs imposed by Trump between January 6 and November 15. It said that primary deficits would be reduced by $2.5 trillion over 11 years, with government borrowing costs falling by around $500 billion as a result. The August estimate was $3.3 trillion and $700 billion,...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
Pasangan mata uang EUR/USD mengawali pekan ini dengan nada sedikit melemah di sesi Asia, diperdagangkan di sekitar 1,1730, turun kurang dari 0,10% dalam sehari. Meski terkoreksi, euro masih berada...
US President Donald Trump said Washington is willing to provide security assistance to Ukraine as part of a deal to end the war with Russia. He emphasized that security support is a crucial factor...